Vatican Bank's Profit Soars

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The Vatican bank’s 2014 net profit skyrocketed to €69.3 million from €2.9 million a year earlier, amid a steep rise in net trading income and a decline in extraordinary operating expenses.

China Nuclear Firm Plans Biggest Domestic IPO in 5 Years

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China National Nuclear Power Corp., one of the top two state nuclear-power giants, will raise as much as $2.16 billion in what is set to be the country’s largest domestic initial public offering in five years.

Bank of Mexico Chief: Peso Selloff Is Overdone

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Mexico central-bank chief Agustin Carstens says the recent peso depreciation is overdone, he is “moderately optimistic” about the U.S. economy, and he has ruled out any cut in domestic interest rates at this time.

West Coast Dockworkers Ratify Five-year Contract

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Members of the International Longshore & Warehouse Union overwhelmingly approved a five-year contract provides labor stability at U.S. West Coast ports.

Greece Sees 'Compelling Need' to Reach Creditor Deal

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The Greek government has the responsibility to repay its obligations both internally and to its international creditors, a government spokesman said.

Line Considers Dual Listing

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Japan’s Line Corp., the operator of a popular smartphone messaging application, is preparing for an initial public offering in Tokyo as early as this summer and may also list in New York.

China to Trim Tariffs in Bid to Fashion Spending Spree

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China slashed import duties on goods ranging from cosmetics to diapers to boost spending at home, where the economy is slowing and high taxes often prompt consumers to shop abroad.

Foreign Airlines May Fly Domestic in Australia

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Australia may allow foreign airlines to fly domestic routes in the country’s north—a plan that could hurt local carriers.

Libor Case Comes to Trial

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U.K. prosecutors are preparing to try to cast Tom Hayes, a former star trader at UBS and Citigroup, as the ringleader of a global conspiracy to rig interest rates in a trial that starts Tuesday in London.

Oil Companies Look to Join Climate Debate

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Oil companies are ratcheting up their involvement in the debate over climate change as governments, activists, churches and some big investors gear up for a global summit on the issue at the end of the year in Paris.

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